Closing your business

There comes a time when it may be time to sell your business. Maybe you are ready to "retire", or age and illness has forced you to shut the doors. Some of us even go back into the corporate world. Whatever the reason may be, closing a business is not an easy task. Other than just physically shutting down, there is legal paperwork that needs to be filed. Permits and licenses that are filed with the state and/or county the business is located in needs to be completed. "Abandonment" paperwork also needs to be filed if your business is under a fictitious name. This needs to be published in your local newspaper.

Don't forget to notify your suppliers, customers, employees, lenders and other service providers of the pending close.

This is not meant by any means to be an exhaustive list. Please, please, please check with your state and county to find out much more information.